Morgan Stanley Lowers Kraft Heinz (NASDAQ:KHC) Price Target to $27.00

Kraft Heinz (NASDAQ:KHC) had its price objective dropped by Morgan Stanley from $28.00 to $27.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 9.14% from the company’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. UBS Group reduced their target price on Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Kraft Heinz in a research note on Wednesday, August 20th. They set a “neutral” rating and a $27.00 price target on the stock. DZ Bank upgraded shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, Jefferies Financial Group decreased their price objective on shares of Kraft Heinz from $28.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Kraft Heinz currently has an average rating of “Reduce” and a consensus target price of $26.56.

Kraft Heinz Trading Up 0.7%

Shares of Kraft Heinz stock opened at $24.74 on Thursday. The firm has a market cap of $29.28 billion, a price-to-earnings ratio of -6.63, a price-to-earnings-growth ratio of 2.88 and a beta of 0.16. Kraft Heinz has a 52-week low of $24.10 and a 52-week high of $34.08. The company’s 50-day simple moving average is $26.06 and its 200-day simple moving average is $26.98. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The firm had revenue of $6.39 billion during the quarter. As a group, equities research analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current year.

Institutional Trading of Kraft Heinz

Institutional investors and hedge funds have recently modified their holdings of the business. STF Management LP raised its position in shares of Kraft Heinz by 2.1% during the 2nd quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after purchasing an additional 374 shares during the last quarter. Meeder Advisory Services Inc. increased its position in Kraft Heinz by 2.7% during the first quarter. Meeder Advisory Services Inc. now owns 15,091 shares of the company’s stock worth $459,000 after buying an additional 393 shares in the last quarter. one8zero8 LLC increased its position in Kraft Heinz by 5.5% during the first quarter. one8zero8 LLC now owns 7,964 shares of the company’s stock worth $242,000 after buying an additional 414 shares in the last quarter. Winch Advisory Services LLC raised its holdings in shares of Kraft Heinz by 18.3% in the first quarter. Winch Advisory Services LLC now owns 2,691 shares of the company’s stock worth $82,000 after acquiring an additional 417 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Kraft Heinz by 8.9% in the first quarter. IFP Advisors Inc now owns 5,115 shares of the company’s stock valued at $157,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.